How to Open an Admiral Markets Account
Admiral Markets, established in 2001, has cemented its reputation as a leading global Forex and CFD broker. With a comprehensive range of instruments, including Forex pairs, stocks, and commodities, it offers traders diverse opportunities. What makes Admiral Markets stand out is its unwavering commitment to transparency and an intuitive user experience. If you're looking to capitalize on top-tier trading tools and a plethora of potential profit avenues, considering an Admiral Markets account is a wise decision. In this article, we'll walk you through the process and highlight the inherent benefits.
Admiral Markets Account Requirements and Documents
Though Admiral Markets account requirements are standard, the documents you’ll need to open an account will vary depending on your state of residence. If you’re a US citizen living in a state that’s currently not supported, you will need to provide a proof of residence document issued by your state or local government.
All other non-US citizens will need to provide a valid passport and proof of address in the state where they are opening the account. All of these documents will be needed for your Know Your Client (KYC) verification process.
There are a few additional documents you’ll need if you want access to their Pro Market Access or Admiral Elite accounts.
First, if you want to open either of these accounts, you need a valid Social Security Number or Tax Identification Number – meaning if you’re an American citizen, you need an SSN. If you live in the EU, you’ll need a valid Tax Identification Number as well. But if you’re outside the EU, you’ll also need a local bank account for transfers or an International Bank Account Number
Admiral Markets Bonus ProgramsAdmiral Markets Account Types
Admiral Markets, a recognized global Forex and CFD broker, offers a variety of account types tailored to meet the diverse needs of traders. Whether you're a novice trader or a seasoned professional, there's an account for you. Here's a closer look at three standout options:
Pro Market Access
Tailored for professional traders, this account type promises expansive access to numerous markets and top-notch trading tools. With attractive features like low spreads, substantial leverage, and zero commission fees, it's a top pick for many. Kickstart your trading journey with a minimum deposit of $1,000 USD.
Admiral Elite
High-net-worth individuals and institutional traders can opt for the Admiral Elite account. While it houses all the features of the Pro Market Access, it also boasts of added luxuries like a dedicated account manager and trading conditions crafted to your liking. Start with this premium experience with a minimum deposit of $50,000 USD.
Admiral Select
Seeking a tailored trading experience? The Admiral Select account brings personalized trading to the forefront. Enjoy benefits like your very own account manager, trading conditions that suit your style, and exclusive access to some of the industry's best trading tools. Begin with a deposit of $5,000 USD.
While these are just three highlights, Admiral Markets doesn't stop there. Their portfolio includes other notable account types, such as Trade.MT5, Zero.MT5, Trade.MT4, Zero.MT4, and Invest.MT5. They also cater to those seeking to practice with the Risk-Free Demo and adhere to specific religious requirements with Islamic, Swap-Free Accounts. Notably, entering the Admiral Markets trading universe is as straightforward as making a deposit of just $25 USD.
Admiral Markets Account Opening Guide
After you’ve decided which type of Admiral Markets account you want to open, go to the Admiral Markets website and click “Open an Account.” You’ll then be taken to a page where you can choose which account you want to open.
Once you’ve made a choice, you’ll be taken to another page where you can start the account opening process. First, you’ll need to enter some basic information about yourself, including your name, address and date of birth.
Next, you’ll need to enter your personal details, including your contact information, login name, and password.
Then, you’ll need to provide your financial details, including your Tax Identification Number (TIN) or Social Security Number, if applicable. Finally, you’ll need to verify your identity by providing copies of a few documents, like a passport or driver’s license.
After you’ve successfully completed all of your account opening requirements, you can fund your account with cash to start trading. In many cases, you can fund your account using a major credit card. You can also fund your account with a bank transfer, check, or direct debit. If you fund your account with a credit card, you’ll need to pay interest on the amount you transfer to your Admiral Markets account. This interest is usually significantly higher than the interest you’d pay on a credit card.
After you’ve funded your account with cash, you can open your trading account. You do so by clicking on the “Trading” tab from the “My Account” page. Here, you’ll see a list of the trading instruments available to you. From this page, you can open a trading account and begin trading with Admiral Markets.
How to Open a Forex Trading Account?How to Close Admiral Markets Account
Closing an Admiral Markets account is a simple process that you can complete using the same steps you went through to open a new account.
In fact, the only way to close your account is by logging into your account and clicking “Close Account” from the drop-down menu. Once you do this, you’ll receive an email confirming that you’ve closed your account and the action has been completed
FAQ
Why should I open an Admiral Markets account?
Admiral Markets is one of the world’s leading online brokers. They are regulated by CySec and FCA, and they offer generous account types and perks to active traders.
Is Admiral Markets a good broker?
With its sharp regulation and good standing, Admiral Markets is a well-regarded large broker. Account opening is easy and digital, and the spreads are among the industry's lowest.
What trading platforms does Admiral Markets offer?
MetaTrader 4 and MetaTrader 5 are the most popular trading platforms used by Admiral Markets, a multi-award winning, globally regulated Forex and CFD broker. It provides trading on more than 8,000 financial instruments.
Can you trade stocks on Admiral Markets?
Yes. The online share market trading software offered by Admiral Markets is MetaTrader. From this platform, traders can view price charts of a company's share price and place buy and sell trades as well as view the performance of their trades.
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